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P N Gadgil shares hit their 10% upper circuit in intraday trade, reaching Rs 621.05 on the BSE, after the firm reported its quarterly results for the first time since its listing on the exchanges. The company posted a 49.4% YoY surge in its profit after tax (PAT) for Q3FY25.The PAT stood at Rs 86.03 crore for the three months ending December 2024, compared to Rs 57.60 crore reported in the same period last year.Additionally, P N Gadgil’s revenue from operations rose 23.5% YoY to Rs 2,435.75 crore for the quarter, up from Rs 1,972.16 crore in the corresponding quarter of the previous financial year.The franchise revenue also grew to Rs 226.4 crore, reflecting an 86.6% year-on-year increase for Q3 FY25.On the EBITDA front, the company witnessed a 37.2% YoY increase. The EBITDA for the quarter reached Rs 129.77 crore, compared to Rs 94.58 crore in the same quarter of FY24.The EBITDA margin surged by 50 bps to 5.3%.'Strong Same-Store Sales Growth (SSSG) of 25.7% continues to drive sustained growth, underlining the successful performance of our existing showrooms for FY25 YTD,' the company reported in its exchange filing.'With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint. The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments — retail, e-commerce, and franchise — reinforces our strategy and positions us well for sustained momentum in the coming quarters,' said Saurabh Gadgil, Chairman & Managing Director of P N Gadgil Jewellers."(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The third quarter earnings season is underway and about 460 companies will announce their results on Wednesday. Key results to watch out for include Hindalco and SJVN.Apart from the above, companies like Aayush Wellness, ABC India, Abhishek Infraventures, Accel, Apex Capital, ACI Infocom, Acrow India, Addi Industries, BN Holdings, DCW Ltd, Infronics Systems, KNR Constructions and a few others will also declare their quarter results.Hindalco Q3 expectationsHindalco is likely to report robust growth in its profitability and revenues during the third quarter, driven by strong India performance even though Novelis struggled.Profit for the October-December 2024 quarter is likely to jump 62% year-on-year (YoY), according to an average estimate of three brokerages. Revenues in the same period are seen increasing 11% YoY, led by higher Aluminium and alumina prices.EBITDA is likely to improve 28% YoY due to higher metal prices along with lower power costs in India. On a QoQ basis, both EBITDA andmargins are likely to decline due to lower EBITDA at Novelis on account of lower scrap spreads.Aluminium including Utkal alumina EBITDA is expected to increase by 24% QoQ to Rs 4790 crore supported by higher aluminium prices and alumina prices along with marginal higher volume."Copper EBITDA, meanwhile, to be lower at Rs 650 crore. Novelis’s adjusted EBITDA/t to drop sharply by 16% QoQ to Rs 410 due to lower scrap spread amid tight scrap availability," Nuvama said.The Switzerland plant flooding in the previous quarter will have a minor impact in Q3FY25. The company has restarted the operations."We estimate India EBITDA (standalone + Utkal) at Rs 5070 crore with aluminum EBITDA (including Utkal) of Rs 4310 crore, led primarily by higher prices and Copper EBITDA of Rs 760 crore, led by resilient TcRcs and high sequential base. We estimate Novelis' EBITDA of $391 million with an EBITDA/ton of $425 factoring in higher scrap prices," Kotak Equities said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Prime Minister Narendra Modi met Tulsi Gabbard, US Director of National Intelligence, and discussed various aspects of ties between the two countries with focused on enhancing intelligence cooperation in counter-terrorism and emerging threats. Modi also congratulated Hindu-American Gabbard on her confirmation as the nation's top intelligence official. She was confirmed on Wednesday. "Met USA's Director of National Intelligence, @TulsiGabbard in Washington DC. Congratulated her on her confirmation. Discussed various aspects of the India-USA friendship, of which she's always been a strong votary," Modi posted on X. Discussions also focused on enhancing intelligence cooperation in counter-terrorism, cybersecurity and emerging threats, Ministry of External Affairs official spokesperson Randhir Jaiswal said in a post on X.— ANI (@ANI) "PM @narendramodi held a productive meeting with US Director of National Intelligence @TulsiGabbard in Washington DC today. Discussions focused on enhancing intelligence cooperation in counter-terrorism, cybersecurity & emerging threats," the post said. Modi arrived in the US capital on Wednesday around 5.30 pm (Thursday, 4 am IST) after a visit to France where he had co-chaired the Artificial Intelligence Action Summit with French President Emmanuel Macron. Modi and Trump will hold bilateral discussions in the White House on Thursday. "Our nations will keep working closely for the benefit of our people and for a better future for our planet," Modi said on X On Wednesday, Gabbard was sworn in as director of national intelligence on Wednesday in the Oval Office, hours after the Senate confirmed her, The Hill reported. Attorney General Pam Bondi administered the oath of office to Gabbard, who Trump called "an American of extraordinary courage and patriotism." He noted that she was deployed three times in the Army National Guard and that she is a former Democratic congresswoman, riffing "can you believe that?" Gabbard, 43, a former Democratic congresswoman from Hawaii, had faced bipartisan scepticism about her suitability for overseeing the spy agencies. Gabbard thanked the president for his trust in her and vowed to "refocus our intelligence community" after she was sworn in. "Unfortunately, the American people have very little trust in the intelligence community, largely because they've seen the weaponization and politicization of an entity that is supposed to be purely focused on ensuring our national security," the new intelligence chief said. The Senate confirmed her in a 52-48 vote, following two months of deliberations in the over whether Gabbard is qualified enough to lead the intelligence agencies and prepare Trump's daily intelligence brief.